Iran’s renewable energy industry growing rapidly: Official

Renewable Energy
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The number of renewable energy plants across the country is growing rapidly as more and more capital is being funneled into the industry, said an Iranian energy official.

Speaking at a press conference on Sunday, Mohammad Sadeqzadeh, the director of Iran’s Renewable Energy and Electrical Energy Efficiency Organization — a subsidiary of the Energy Ministry — said people and the private sector have made huge investment in renewable energy industry in recent years, reported Tasnim News Agency.

Even the ‘harsh sanctions’ could not slow down the growth of the renewable energy industry in Iran, he said, adding that local investment has now overtaken foreign investment in the sector.

“At present, one large-scale renewable energy plant and dozens of small-scale ones are going on stream every week,” Sadeqzadeh added.

Iran is seeking to generate 5,000 megawatts of electricity from renewable energy sources by 2020, with more than 4,000 megawatts expected to come from wind farms. The country has approximately 141 megawatts of installed wind power.

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